Upcoming year-end deadlines | Capital Group


November 28, 2019

Upcoming Year-End Deadlines

Many of your clients may have important year-end deadlines approaching.

Keep in mind that all orders (phone, fax, mail) for account transactions with year-end deadlines must be received by American Funds before the close of the New York Stock Exchange (NYSE) on Tuesday, December 31, 2019.

Requests received after the close of the New York Stock Exchange (NYSE) will be processed on the next business day — Thursday, January 2, 2020 — and will be reported in the 2020 tax year.

Key Deadlines to Review With Clients

Required Minimum Distributions (RMDs)

Clients who are age 70½ or older must take their 2019 IRA distribution(s) by December 31. For clients taking their first RMD payment, the distribution can be delayed until April 1.


Learn more:

RMD for Retirement Plan Owners Age 70½ and Older

Manage Individual Retirement Accounts

Beneficiary Distributions

Remind your clients who are beneficiaries of an IRA that they may need to take their 2019 distributions by December 31.

Gift of Shares

For 2019, clients can gift up to $15,000 ($30,000 for married couples) without incurring tax consequences. If you have clients who want to reduce their tax liabilities for 2019, complete the appropriate form(s) and return to American Funds by December 31.



Gift of Shares to an Individual (PDF)

Gift Transfer of Shares to a Charitable Organization (PDF)

Other Deadlines to Keep in Mind

Traditional IRAs, Roth IRAs and Coverdell Education Savings Accounts

Contributions for the 2019 tax year must be made by Wednesday, April 15, 2020.

We will accept prior-year contributions that are postmarked by the due date for individual tax returns. Extensions do not apply.


Learn more:


Coverdell Education Savings Accounts


Establishment. The plan must be established by October 1 of the current calendar year, unless it's a plan for a new business that was established after October 1 of the SIMPLE IRA plan set-up year.

Employer contributions. All contributions must be made by the employer’s tax filing deadline (including extensions).

Employee contributions. Contributions can begin only after the plan has been established.


Learn more:


Set Up a SIMPLE IRA Plan

SEP Plans

Establishment. The plan must be established by the employer’s tax filing deadline (including extensions).

Employer contributions. All contributions must be made by the employer’s tax filing deadline (including extensions).


Learn more:


Set Up a SEP IRA Plan

401(k) Plans

Establishment. The plan must be adopted by the last day of the fiscal (plan) year. Safe harbor 401(k) plans require an initial plan year at least three months long, making October 1 the effective deadline for a plan with a calendar fiscal year.

Employee contributions. Contributions may not be made prior to the plan adoption date.


Learn more:

401(k) and 403(b) Retirement Plans

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. 

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.